By Marisa Wong
Madison, Wis., Nov. 30 - JPMorgan Chase & Co. priced $682,668 of 11.7% trigger yield optimization notes due Nov. 30, 2012 linked to the American Depositary Shares of BHP Billiton Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note is equal to the initial ADS price of BHP Billiton.
The payout at maturity will be par unless the final ADS price is less than 70% of the initial share price, in which case investors will receive one BHP Billiton ADS per note.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the underwriters.
| Issuer: | JPMorgan Chase & Co.
|
| Issue: | Trigger yield optimization notes
|
| Underlying ADSs: | BHP Billiton Ltd.
|
| Amount: | $682,668
|
| Maturity: | Nov. 30, 2012
|
| Coupon: | 11.7%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final ADS price is less than trigger price, in which case one BHP Billiton ADS per note
|
| Initial price: | $69.66
|
| Trigger price: | $48.76, 70% of initial price
|
| Pricing date: | Nov. 28
|
| Settlement date: | Nov. 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48126B301
|
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